GCC fertilizer capacity to rise by close to 50% in next five years

11:02 AM MDT | October 8, 2013 | Natasha Alperowicz

Fertilizer capacity in the Gulf Cooperation Council (GCC) states, which include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates, will rise by 47% in the next five years, to reach 46.4 million m.t./year by 2018. GCC countries are currently investing $10 billion to raise fertilizer capacity, according to the Gulf Petrochemicals and Chemicals Association (GPCA). The association estimates fertilizer capacity in the GCC states last year at 31.4 million m.t. Demand for gas is soaring across the GCC, where gas is widely used to generate...